Pre Bid Meeting with Operators for Hotel with Convention Centre

Last week, on 10th Nov, I held a pre-bid meeting with operators interested in participating in bids for running the 100-key hotel attached to the Biswa Banga Convention Centre. Participants included Novotel, Swisshotel, Pride, Lalit Great Eastern, Park Hotel, and few others. I explained that participation in pre-bid conference was not compulsory and clarifications would be given on the web site by our Transaction Advisors Feedback Infra.

I mentioned the following:
- that the structural portion would be handed over without last finishing and without lose furniture
-  that operator would get real-time infoormation on the Convention Hall bookings whch are already pouring in
- that e-auction would be based on whoever gives the maximum revenue share over and above a fixed annual guarantee fee as specified in tender document
- that the most important aspect of the partnership would be to have a symbiotiic relatonship between Hidco (who would run the Convention Centre) and the operator (who would bring brannd recall).

There was a site visit after the meeting.

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Clippng:

Khabar 365 dt 13 Nov 2016